DRC Systems India Limited has submitted a statement confirming no deviation or variation in the utilization of funds raised through a Preferential Issue for the quarter ended December 31, 2025. This statement, prepared pursuant to Regulation 32 of the SEBI Listing Regulations, was reviewed by the Company's Audit Committee and approved by the Board of Directors on February 04, 2026. The funds were raised on October 28, 2025, amounting to ₹25,00,00,000 (₹25 crore). The utilization of these funds aligned with the objects stated in the Notice of the Annual General Meeting dated August 26, 2025. The original objects for the fund utilization included meeting working capital requirements (₹200 Lakhs), prepayment/repayment of liabilities (₹1,300 Lakhs), investments including in subsidiaries (₹375 Lakhs), and general corporate purposes (₹625 Lakhs). For the quarter ended December 31, 2025, the entire ₹200 Lakhs for working capital and ₹625 Lakhs for general corporate purposes were utilized, and ₹1,300 Lakhs were utilized for prepayment/repayment of liabilities. No funds were utilized for investments in subsidiaries during this quarter, which was not a deviation as the original allocation was ₹375 Lakhs and NIL was utilized, with no modification to the object. The company has confirmed that there is no deviation or variation in the use of funds raised. The statement is also available on the company's website, www.drcsystems.com.
